Youve probably heard the horror stories how sometimes families are torn apart by hard feelings stemming from the inequitable division of estates or even from the perception that the division was not fair. As an outside observer, it might be easy to
The largest financial risk that seniors face today is the potential of assisted living and nursing home costs to devour the nest egg that has taken a lifetime to build. Many will end up relying on Medicaid to pay these costs. If thats the case for y
Perhaps if both of them had followed the advice recommended in the following article, their estates could have been settled more quickly and easily. Obviously, they did NOT "Get their houses in order" soon enough. Don't cause your loved ones the ago
A Revocable Trust or living trust is a legal arrangement used in estate planning that provides for the management and distribution of your property when you die. This will be stated on a Declaration of trust or Trust agreement. The trustor transfers
The purpose of a trust is to create an "artificial legal person" to protect, hold, and manage your private wealth for the benefit of your heirs. - As in any contract, someone must initiate the contract (grantor or trustee). So the grantor trust is s
Few situations have a greater potential for problems as when dealing with money and relatives. If youve ever had a child ask you for a loan or a distant relative request money to start a business, then you know just how touchy these situations can b
I was invited by my good friend and wealth planner, Alice Phua, to a talk today about how to avoid the pitfalls on estate planning. I did not know what to expect when I was going for the talk and thought that it should not be anything relevant to me
Most attorneys believe that the majority of problems related to dividing an estate should be solved outside of the courtroom in other words, prevented. In a sense, if you discuss this subject with those who counsel individuals over personal family m
